§ 16.8 - Small issues.

§ 16.8 Small issues.

Cross Reference

Link to an amendment published at 82 FR 8108, Jan. 23, 2017.

(a) The OCC will deem offers and sales of national bank or Federal savings association issued securities that satisfy the requirements of Commission SEC Regulation A (17 CFR part 230, Regulation A - Conditional A—Conditional Small Issues Exemption) to be exempt from the registration and prospectus requirements of § 16.3 pursuant to § 16.5(d) of this part.

(b) A filer should consult the CommissionSEC's Securities Act Industry Guide 3 - Statistical 3—Statistical Disclosure by Bank Holding Companies (17 CFR 229.801(c) and 231) and requirement 7 (Loans) of Rule 9-03 9–03 of Commission SEC Regulation S-X (17 CFR 230.9-039–03) for guidance on appropriate disclosures when preparing offering documents to be filed with the OCC pursuant to Regulation A.

[59 FR 54798, Nov. 2, 1994, as amended at 82 FR 8108, Jan. 23, 2017]